Economic content of debt to suppliers and contractors in the framework of management decision-making.

Abstract

Accounts payable, in particular, payables to suppliers and contractors are a significant component of debt capital as a source of financing for any business. Effective management of it involves optimization of size and structure, which is impossible without awareness of the definition of the essence by managers. Given the impact of payables on the financial performance of the entity and its business image as a whole, the study of its nature is relevant. The question of the unity of the treatment of accounts payable in scientific discussions and accounting regulations remains unanswered so far, which negatively affects the effectiveness of micro-level management. The purpose of the article is to study the economic content of accounts payable in the work of domestic scientists and regulations in terms of determining its impact on management efficiency. The paper provides a critical analysis of the works of domestic scientists in the field of accounts payable research and provides a comparative analysis of national and international regulations on its accounting. According to the results of the research, the problem of lack of uniform interpretation of the concept of accounts payable in domestic accounting regulations was identified as a factor that impedes effective management of settlements with suppliers and contractors. Also identified are the following problematic aspects of debt management: the lack of a separate legal act regulating the accounting of accounts payable in Ukraine, differences in the interpretation of terms, recognition, classification, assessment of debt in domestic and international accounting standards. To address the identified issues, it is proposed to apply international standards as binding on all entities in Ukraine. The direction of further research is the search for ways to improve the process of debt management.